The term 'LiDAR' is an acronym for 'Light Detection and Ranging', which has been derived from the common term 'RADAR'. LiDAR technology has been around in the military and research circles since the early 1950s. A typical LiDAR system mainly consists of three major components: a laser sensor, a Global Positioning System (GPS) unit, and an inertial navigation unit. The Light Detection and Ranging system sends out laser pulses at the object/area to be mapped, and collects data by recording the pulses reflected by/from the object. In certain instances, as many as 100,000 such pulses are sent out every second.

Early light detection and ranging systems were very bulky and thus, they were very expensive to operate. In the last two decades, technological progress has brought the size of a LiDAR system down to a point where, light detection and ranging, as a technology, has become a very accurate and affordable solution. The advancement in the GPS and inertial navigation unit technologies has also propelled the market further.

The report segments the market on the basis of different types of products, technologies, components used, applications, and geographies. Further, it contains revenue forecast, and analyses trends in the market. The geographical analysis contains an in-depth classification for North America, Europe, and APAC; which consists of major countries covering the market. Further, the Middle-East and Latin America have been classified under the ROW region. Each of these geographies has been further split by the major countries existing in this market. The sections and the sub-segments in the report contain drivers, restraints, opportunities, current market trends, and the technologies expected to revolutionize the domain. The report also gives detailed profiles of various companies, currently, active in these markets. In addition to the company profiles, the report does provide a Competitive Landscape (CL) of the key players for each of the markets. The CL covers market share analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.

Scope of the report

An illustrative diagram of the complete light detection and ranging monetary chain, showing the clear view of the market is considered and analyzed in the figure below.

LIDAR INDUSTRY MONETARY CHAIN &MARKET SCOPE

Source: MarketsandMarkets Analysis

The figure above shows the flow of money in the form of a monetary chain, illustrating the flow of goods & services from one segment to the other in the Light Detection and Ranging industry. It also shows the relationship and links between the major industry segments, with the analysis below, giving an insight into the effect of these industry segments on the overall market scenario.

'LiDAR' is an acronym for 'Light Detection and Ranging'. It is a measurement, surveying and mapping system similar to radar that uses laser pulses instead of radio waves.

The ability of Light Detection and Ranging is to collect vast amounts of data which makes it a highly accurate as compared to other digital surveying and mapping technologies. With the rapid development of the Global Positioning System (GPS) and Inertial Navigation Unit (INU) technologies, LiDAR has become a commercially feasible technology since the last decade.

The high cost of Light Detection and Ranging services was one of the main reasons for the stunted growth in the market from early 2000 to 2006. Since then, the adoption has been increasing; thus, bringing further advancements in technology, and reductions in the average selling price. The demand for this technology, especially, in the digital mapping sector, has picked up in the last five years due to the growing number of LiDAR service providers. The introduction of hand-held, low-cost LiDAR systems is expected to revolutionize the surveying industry in the coming five years.

The report segments the market on the basis of different components, applications, product types, and geographies. The components section shows the split up of the products market between the major components like lasers, scanners, cameras, and so on. The section also forecasts revenue and volumes along with the pricing analysis.

The applications chapter segments the global market is based on the basis of different application sectors like, the government, military, defense and aerospace, civil engineering, and so on.

The 'product type' segmentation gives a detailed spilt of the global market in terms of the products manufactured for the various applications mentioned above. It goes into depth and includes product types like terrestrial, airborne, mobile LiDAR, and so on.

Further, it contains revenue forecast, and analyses trends in the market. The geographical analysis contains an in-depth classification for the North America, Europe and APAC markets; which contains the major countries covering the market. Further, the Middle-East and Latin-America have been classified under ROW. Each of these geographies has been further split by the major countries existing in this these markets. The sections and the sub-segments in the report would contain drivers, restraints, opportunities, current market trends, and the technology expected to revolutionize the LiDAR domain.

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